Fitch assigns NEXT BB+(ind)

Fitch Ratings said it has assigned NEXT Retail India a national long-term rating of BB+(ind).

The outlook is stable.

Fitch said it has also assigned a rating of BB+(ind) to NEXT's fund based cash credit limits of 2.11 billion rupee.

The agency said that the ratings take into account NEXT's position as the market Leader in organized electronics retailing.

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